Leasehold Interest in San Francisco Hotels Earn 8.5 Percent Yield

By Jon Peterson Bethesda, Md., -based LaSalle Hotel Properties has achieved an 8.5 percent capitalization rate with its purchase of leasehold interests in two downtown San Francisco hotels. According to Milwaukee, Wis., -based Baird Equity Research, the yield is based on the properties’ income in the last 12 months. LaSalle acquired the 131-room Harbor Court […]